Residential Program
October 24, 2024 Live-streaming only |
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Appraising Short Term Rentals
Best Practices and Insights
This comprehensive two-hour presentation will delve into the unique challenges of appraising short-term rentals for conventional financing. While guidelines from Fannie Mae and Freddie Mac offer some direction, significant uncertainties still persist in this area.
Key topics to be covered include:
- Understanding Short-Term Rentals:
- Differentiating from platforms like Airbnb and similar services
- Evaluating vacation rentals
- Assessing student rentals
- Considering off-season rental properties
- The Role of Appraisers:
- Defining the appraiser's role in short-term rental evaluations
- Outlining specific responsibilities and best practices
- Lender Perspectives:
- Understanding how lenders perceive and evaluate short-term rentals
- Identifying the factors lenders consider most critical
- Local Regulations and Requirements:
- Navigating town-specific requirements for short-term rentals
- Complying with local zoning and housing regulations
- Housing Availability and Affordability:
- Examining the impact of short-term rentals on local housing markets
- Addressing issues related to housing availability and affordability
By the end of this presentation, participants will have a clearer understanding of the complexities involved in appraising short-term rentals and the strategies to address these challenges effectively.
Panelists:
William J. Pastuszek, Jr., MRA, MAI, AI-GRS, Moderator
Nicholas Fernandes, Certified Residential Appraiser
Jamie Moore, Certified Residential Appraiser
Sarah Ruder, Vice President, Cape Cod Five
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Navigating Residential Property Market Trends
This one-hour overview provides appraisers with an overview of identifying market conditions, determining and supporting appropriate adjusts, and how to effectively incorporate this information into a report.
The program focuses on:
- Market condition levels of adjustment
- Identifying the dynamics of different property types
- Is it the client or the market that decides the need for an adjustment
- Alternative ways to support adjustments
- The role of critical thinking
- Red flags
- Reporting
At the end of the presentation, appraisers will have a sufficient understanding about how to reflect current market trends in their analysis and reporting.
Panelists:
William J. Pastuszek, Jr., MRA, MAI, AI-GRS
Stacie Chandler, RA, SRA, AI-RRS
Kenneth Dicks, MAI
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